CO129-159 - Sir Kennedy - 1872 [9-12] — Page 102

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"of the

of

1 year 1873." I inclose, herewith, detailed Estimates, together with the usual comparative returns relating thereto. No. 9.48

The

Revenue and Expenditure of the

Colony.

In laying those Estimates before the Legislative Council, it was a matter

of

little satisfaction to be able to state that the Revenue of the Colony

was in a

healthy and progressive

condition. It is true that the estimated

Revenue

for

the

ensuing year is less

than that of the present year,

but

this

diminution

is not

owing to

any

decline

in the ordinary and legitimate sources of Revenue, but rather to the fact that certain irregular payments have

been either reduced or have entirely

ceased.

3.

I refer

more

especially to the

aid which has been given to the

Revenue

by

The Special Fund, and to

the instalments

for the purchase of the Mint property. For, as regards

the former, the interest of the Fund

available

for

Police

purposes will not exceed $20,000 per annum, which is

$10,000 less

than the amount at

present received from that Fund, and,

as

regards the latter, the portion of the sum due has been paid by the Hongkong and Shanghai Bank into whose hands the property has fallen.